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Brief Exercise 11-32 Analyzing the Statement of Cash Flows Manning Company reported the following information for 2019: cash provided by operating activities, $425,000; cash used
Brief Exercise 11-32 Analyzing the Statement of Cash Flows Manning Company reported the following information for 2019: cash provided by operating activities, $425,000; cash used by investing activities, $200,000; average debt maturing over the next 5 years, $80,000; capital expenditures, $275,000; cash dividends, $60,000. Required: Compute free cash flow and the cash flow adequacy ratio. (Note: Round ratios to two decimal places.) Free cash flow 90,000 Cash flow adequacy 1.02 X ratio Feedback Check My Work Free cash flow represents the cash flow that a company is able to generate after considering capital expenditures and cash dividends
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